April 30, 2021

L3Harris Reports Strong First Quarter 2021 Results

MELBOURNE, Fla.–(BUSINESS WIRE)–L3Harris Technologies, Inc. (NYSE:LHX) reported first quarter 2021 revenue of $4.6 billion, down 1.3% versus prior year, and up 1.8% on an organic1 basis. GAAP net income was $466 million, up 140% versus prior year. Adjusted EBIT3 was $862 million, up 6.7% versus prior year, and adjusted EBIT margin3 expanded 140 basis points (bps) to 18.9%. GAAP EPS was $2.25, up 127%, and non-GAAP EPS3 was $3.18, up 14% versus prior year. “Our first quarter results demonstrat

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